VTB Deputy Chairman Pechatnikov spoke about a new fraudulent scheme related to loan refinancing

Deputy Chairman of the Board of VTB Bank Anatoly Pechatnikov said that fraudsters have come up with a new way to deceive clients of financial organizations. According to him, the attackers are offering Russians to refinance loans from other banks in one and then transfer the money received to a “safe account”.

“In the new scheme, fraudsters call the client and persuade him to take out a loan. When the borrower refuses, citing existing liabilities in other banks, he is offered to connect the refinancing program with a lower rate and receive additional funds,” Mr. Pechatnikov said during the St. Petersburg International Economic Forum (quoted from “RIA News”).

The top manager of VTB stressed that the fraudsters managed to find a “loophole” in the system for controlling the intended use of loans. As a result, the borrower collects new loans, but does not extinguish the old ones. According to the deputy chairman of the board of the financial organization, schemes with “fraudulent” loans are now the main threat for bank customers and account for more than 70% of all theft of money in this area.

May at VTB reportedthat telephone scammers in Russia began to attack entire families in order to convince them, under various pretexts, to transfer money to their accounts. Attackers call people on behalf of bank or law enforcement officials. They argue that the funds of potential victims can be stolen and urgent measures must be taken to save them. In case of refusal, scammers can switch to a more aggressive manner of communication and threaten to call relatives, including spouses or children, in order to convey their case through them, some of them actually call other family members.

Alexander Kislov